XRP is trading near $1.87 in one of its longest consolidation phases. Analysts are looking at key support at $1.80 as major bondholders continue to accumulate.
Still, some analysts say XRP is approaching a key level, with recent chart patterns and portfolio data pointing to the potential for a bigger move.
One of XRP’s longest consolidation phases
Steph Is Crypto shared a chart showing XRP in what may be its longest consolidation period yet. The current phase has lasted approximately 434 days, matching or surpassing previous long basing periods of 2016, 2018, 2020 and 2023. In each of these cases, XRP eventually broke out to the upside.
🚨 $XRP IS IN ONE OF THE GREATEST CONSOLIDATION PHASES IN HISTORY.
THE OUTBREAK WILL BE HUGE! pic.twitter.com/YJBsf1w23x
— STEPH IS CRYPTO (@Steph_iscrypto) January 29, 2026
The token is now trading within a tight range between $1.80 and $2.00. Traders are looking to see if the price can hold support and make another attempt to clear $2.00. The format is similar to previous phases that preceded sharp rallies.
Additionally, a chart from ChartNerd outlines two possible paths for XRP. The pattern is based on a structure that repeats over time: accumulation, breakout and reaccumulation. XRP is currently just above the USD 1.80 support zone. ChartNerd described this level as a key point for bulls.
“To keep scenario 1 moving, bulls need to intervene here,” the analyst wrote.
A move higher from here could trigger another breakout. If the price falls below $1.80, the chart points to ‘Scenario 2’, which would mean a deeper pullback before any recovery begins.
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Signs of accumulation among large holders
According to Santiment, XRP has received 42 new wallets containing at least a million tokens since the beginning of the year. This is the first increase in the number of ‘millionaires’ since September 2025. Over the same period, the price has only fallen by about 4%, indicating accumulation among large holders.
Moreover, XRP-linked ETFs have also seen new demand. January brought in net inflows of $91.72 million, following $666 million in November and $499 million in December, according to data from SoSoValue.
This steady interest shows that institutional buyers are still active, even if price action remains limited.
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